Brewdog ready to move from IPA to IPO

Brewdog has found an eager market thirsty for new beers, but now it is considering going to a market of a very different kind

A Scottish-based brewer and bar operator wants to float on the stock market by 2020, but has not decided whether to list in London or New York.

Brewdog is exploring options with its financial advisers and is strengthening its internal systems ahead of a potential initial public offering, according to James Watt, its co-founder.

Mr Watt and Martin Dickie founded the business in Fraserburgh in 2007. It has breweries in Scotland and the United States, with construction under way on another in Brisbane, Australia. The company runs 70 bars around the world, employs more than 1,000 people and its Punk IPA is the bestselling craft beer in Britain. Brewdog made a £1.4 million pre-tax profit on revenue of £111.6 million in 2017.

Mr Watt, 36,…

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